Apollo Senior Floating Rate Fund Inc. Declares Special Year-End Distribution of $0.125 Per Share

  Apollo Senior Floating Rate Fund Inc. Declares Special Year-End Distribution
  of $0.125 Per Share

Business Wire

NEW YORK -- December 13, 2012

Apollo Senior Floating Rate Fund Inc. (the “Fund”) (NYSE: AFT) today announced
the declaration of a special year-end distribution of $0.125 per common share,
payable on the date noted below.

The following dates apply to the declared distribution:

Ex-Date: December 14, 2012
Record Date: December 18, 2012
Payment Date: December 31, 2012
Per Share Amount: $0.125

As required under the Investment Company Act of 1940, a notice with the
estimated components of the distribution will be sent to shareholders at the
time of payment if the distribution does not consist solely of net investment
income. At present, it is estimated that the Fund’s special year-end
distribution will be paid entirely from net investment income.

Neither this announcement nor any notice accompanying the distribution should
be used to prepare tax returns as the estimates indicated in the notice may
differ from the ultimate federal income tax characterization of distributions.
The amount and source of the distribution provided in this announcement is
only an estimate and is not being provided for tax reporting purposes. After
the end of the calendar year, investors will be sent a Form 1099-DIV which
will state for Federal income tax purposes the amount and composition of
distributions with respect to their appropriate tax treatment for the 2012
calendar year.

Forward-Looking Statements

This press release may contain statements that are forward looking, as that
term is defined by the Private Securities Litigation Reform Act of 1995 or by
the Securities and Exchange Commission in its rules, regulations and releases.
These statements include, but are not limited to, discussions related to the
Fund’s expectations regarding the performance of its business, its liquidity
and capital resources and the other non-historical statements in the
discussion and analysis. These forward-looking statements are based on
management’s beliefs, as well as assumptions made by, and information
currently available to, management. When used in this release, the words
“believe,” “anticipate,” “estimate,” “expect,” “intend” and similar
expressions are intended to identify forward-looking statements. Although
management believes that the expectations reflected in these forward-looking
statements are reasonable, it can give no assurance that these expectations
will prove to have been correct. These statements are subject to certain
risks, uncertainties and assumptions, including risks relating to the Fund’s
dependence on certain key personnel, market conditions generally, changes in
the regulatory environment, the variability of Fund revenue, net income and
cash flow, the Fund’s use of leverage and other risks.


Product Literature
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Head of Corporate Communications
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